Piccadily Agro Industries Limited, a company operating in the agro-industrial sector, has announced a crucial board meeting scheduled for September 24, 2025. The primary focus of this meeting will be the consideration of converting 6,36,943 convertible warrants into an equal number of equity shares.

Key Points of the Upcoming Board Meeting

• Date: September 24, 2025
• Main Agenda: Approval of the conversion of 6,36,943 convertible warrants into equity shares
• Additional Discussions: Other business matters as decided by the Board of Directors

Implications of Warrant Conversion

The potential conversion of warrants into equity shares is a significant move that could impact the company's capital structure. If approved, this conversion would result in:

1. An increase in the number of outstanding equity shares
2. Potential dilution of existing shareholders' stakes
3. Infusion of additional capital into the company, depending on the terms of the warrants

Regulatory Compliance

In line with regulatory requirements, Piccadily Agro Industries has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this scheduled meeting. This disclosure aligns with Regulation 29(1)(d) of the Securities & Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015, which mandates prior intimation of board meetings discussing such matters.

Company Background

Piccadily Agro Industries Limited is registered in Haryana, India, with its corporate office located in Gurugram. The company's shares are listed on both the BSE and NSE.

Piccadily Agro Industries Limited has successfully converted 28.49 lakh Compulsorily Convertible Debentures (CCDs) into equity shares, raising a total of ₹211.99 crore. The conversion was executed at a price of ₹744 per share, marking a significant financial move for the company.

Key Details of the Conversion

• Total CCDs Converted: 28,49,448
• Conversion Price: ₹744 per share
• Total Amount Raised: ₹211.99 crore

Impact on Share Capital

The conversion has led to an increase in the company's issued and paid-up capital:

Notable Investor Participation

Authum Investment and Infrastructure Limited emerged as a significant participant in this conversion, receiving 4,03,225 shares valued at approximately ₹30 crore.

Other Major Allottees

1. Discovery Global Opportunity (Mauritius) Ltd: 3,49,462 shares
2. Alchemy Emerging Leaders of Tomorrow: 2,35,215 shares
3. Lashit Sanghvi: 2,15,053 shares
4. Neha L Sanghvi: 2,15,053 shares

Implications for Piccadily Agro

This conversion of CCDs into equity shares is expected to strengthen Piccadily Agro's financial position. The infusion of ₹211.99 crore will provide the company with additional capital for its operations and potential growth initiatives.

Regulatory Compliance

The conversion was carried out in compliance with the terms of the Postal Ballot dated July 30, 2024, and in accordance with SEBI regulations. The newly allotted shares will rank pari-passu with existing equity shares in all respects, including dividend and voting rights.

The move demonstrates investor confidence in Piccadily Agro and may potentially enhance the company's market position in the agro-industry sector.